BANCA GENERALI S.P.A. CONTACTS:
www.bancagenerali.com
Media Relations Michele Seghizzi
Tel. +39 02 6076 5683
Michele.seghizzi@bancagenerali.it
Investor Relations Giuliana Pagliari
Tel: +39 02 6076 5548
giuliana.pagliari@bancagenerali.it
May net inflows: €669 million (€3,200 million YTD)
Net inflows of managed products: €701 million (€2,816 million YTD)
Milan, 6 June 2017 - Banca Generali's net inflows amounted to €669 million in May, bringing the YTD total to a new record for the period at €3,200 million (+34% compared to the same period of the previous year).
Even more significantly, net inflows of managed products exceeded €700 million (€701 million) in one month for the second time this year, achieving €2.8 billion YTD (+95% on an annual basis) and accounting for 88% of total net inflows. The financial and insurance wrapper solutions were especially successful and continued to be high in demand thanks to the level of customisation and asset protection they offer. In May, net inflows amounted to €476 million, tripling to €2,296 million YTD, in five months, the result for the previous year.
Lastly, it should be noted that portfolio diversification advisory accelerated the growth of net inflows of Funds and Sicavs which totalled €253 million for the month (€839 million YTD).
Chief Executive Officer Gian Maria Mossa stated: "May was yet another very satisfactory month. The first part of the year has been marked by the centrality of the role of our professionals and our quality-oriented approach in driving the customers' decisions. The high net inflows of managed products are the result of our investment approach focussed on protection in a period of low interest rates and worldwide political uncertainty. Our innovative customer communications methods, regarding financial as well as wealth issues in general, further enhance our customers' advisory experience. We look towards the coming months with great optimism."
1 / 2
PRESS RELEASE | NET INFLOWS AND LIFE NEW BUSINESS IN MAY 2017 | |
Million of Euros May 2017 | Apr 2017 | Abs. Chg |
Mutual Funds 253 | 155 | 98 |
Managed Portfolio 253 | 297 | -44 |
Mutual Funds and Managed Portfolio 506 | 452 | 54 |
Life Insurance 195 | 104 | 91 |
of which BG STILE LIBERO 183 | 107 | 76 |
Managed Assets 701 | 556 | 145 |
Non Managed Assets -32 | 136 | -168 |
of which: Securities 53 | -53 | 106 |
Total 669 | 692 | -23 |
Jan-May 2017 | Jan-May 2016 | Abs. Chg |
Mutual Funds 839 | -100 | 939 |
Managed Portfolio 1,198 | 239 | 959 |
Mutual Funds and Managed Portfolio 2,037 | 139 | 1,898 |
Life Insurance 779 | 1,303 | -524 |
of which BG STILE LIBERO 738 | 452 | 286 |
Managed Assets 2,816 | 1,442 | 1,374 |
Non Managed Assets 384 | 950 | -566 |
of which: Securities 117 | 280 | -163 |
Total 3,200 | 2,392 | 808 |
CONTACTS:
www.bancagenerali.com
Media Relations Michele Seghizzi
Tel. +39 02 6076 5683
Michele.seghizzi@bancagenerali.it
Investor Relations Giuliana Pagliari
Tel: +39 02 6076 5548
giuliana.pagliari@bancagenerali.it
Jan-May 2017 Jan-May 2016 Abs. Chg Life New Business 1,413 1,775 -362The Manager responsible for preparing the company's financial reports (Tommaso Di Russo) declares, pursuant to Paragraph 2 of Art. 154-bis of the Italian Consolidated Law on Finance, that the accounting information contained in this press release corresponds to the documentary results, books and accounting records. Tommaso Di Russo (CFO of Banca Generali)
2 / 2Banca Generali S.p.A. published this content on 06 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 June 2017 14:18:15 UTC.
Original documenthttp://www.bancagenerali.com/site/en/home/investor-relations/press-releases/documento10007395.html
Public permalinkhttp://www.publicnow.com/view/78C26B2D67035057248BE66F243845AE4E858360
